Industrials' gains put to test as earnings ramp up

Added 04-13-19 05:03:01am EST - “Investors betting on industrial stocks this year have been rewarded, with the gr...” - Reuters.com

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Posted By TheNewsCommenter: From Reuters.com: “Industrials' gains put to test as earnings ramp up”. Below is an excerpt from the article.

NEW YORK (Reuters) - Investors betting on industrial stocks this year have been rewarded, with the group among the best-performing sectors so far, but that strength will be tested in the coming weeks as companies report results.

Industrials have outperformed the broader market this year, thanks in part to optimism that the United States may soon have a trade deal with China, as well as expectations the Federal Reserve will not raise interest rates again any time soon.

The S&P 500 industrials index is up more than 19% for the year so far, compared with a roughly 15% gain in the S&P 500.

While industrial stocks and the rest of the market have risen on hopes that a China trade deal is near, executives have warned about the conflict’s impact, with the industrials space seen as one of the most sensitive.

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